Atlantic County Homes Inc

Analysis

Atlantic County Homes Inc is a registered charity in United States, based in Egg HBR TWP, NJ. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Atlantic County Homes Inc reported income of $58k and spending of $128k, spending 220% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $56k to $58k (+4.0%), an average of +1.3% a year. Over the whole period it spent 183% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Atlantic County Homes Inc sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within NJ. Charities of a similar size with the same main cause include Kingdom Builders of Cny Inc ($58k), Wellspring Bridge Apartments Inc ($58k) and Mosaic Housing Corp Xix - Winfield ($58k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 61% of the total. At year end it held assets of $1.3m against liabilities of $88k, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.